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META

Meta Platforms, Inc.Close $578.85EOD only
Max Pain
$590.00
Next expiry Aug 14, 2026
Expected Move
±$13.38
2.3% from close
Price Gap
+11.15
Distance to max pain
IV Rank
10
Low premium
P/C OI
0.42
Slightly call-heavy
Consensus
6.5/10
Range bias
Published snapshot: Aug 12, 2026 close
End-of-day snapshot

This page reflects META options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Aug 12, 2026 close
META Theta Report
Analysis based on market close May 14, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

You are viewing an older report from May 14, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short strangle around max pain $605
Invalidation: Spot breaks decisively away from $605 max pain zone
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 VIX 17

IV Environment

IV Regime
Normal
IV vs VIX
IV 49.9% vs VIX 17.3, elevated ~190%
Favorable?
Yes

Term structure: Front-end 1d ATM IV 25.5% with extreme skew (call 129%, put 99%); term structure rising from 4d to 15d; longer tenors flat

📈IV rich vs VIX, favorable for premium selling
📌Max pain pin at $605 across multiple expiries

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+139.3M)

Gamma flip: ~$600.00 — Approx — based on put OI concentration of 16,865 (3.0% below spot)

OI concentrations: Max pain $605 (1d,4d,6d); put OI 16.9k at 3% below spot; call wall $700-$900

Verdict: Moderate pin risk due to heavy OI concentrations near current price; gamma flip at $600

Premium Opportunities

#1
Short strangle
Sell 2026-06-18 $600.00 put + sell $640.00 call
Sell OTM put and call to collect elevated IV premium.
Credit: $28.26-$34.54
Max loss: Unlimited
BE: 565.46 / 674.54
Mgmt: Monitor gamma risk; adjust if spot moves beyond wings.
#2
Iron condor
Sell 2026-06-18 $600.00/$595.00 put wing and $630.00/$650.00 call wing
Sell put and call spreads for defined risk premium.
Credit: $7.76-$9.49
Max loss: $10.51
BE: 590.51 / 639.49
Mgmt: Manage wings if IV spikes.
#3
Put credit spread
Sell 2026-07-17 $600.00/$595.00 put spread
Sell put spread below support for steady decay.
Credit: $1.64-$2.01
Max loss: $2.99
BE: $597.99
Mgmt: Close at 50% profit or before earnings.

Risk Alerts

!Pinning risk at $605
!Elevated IV skew in front month
How to Use These Reports
This theta reflects the market close on May 14, 2026.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.